Standard Financial spent most of its 87 years in Chicago as a mutual that its depositors applauded. But it has faced a tough crowd since it started performing in public two and a half years ago. Chairman and president David Mackiewich says, "It's a different world altogether," he said. "It's much harder." Page 8
WASHINGTON
Oklahoma's Rep. J.C. Watts just signed up for another stint on the House Banking Committee and hopes to create a legislative record to justify his growing media presence. Page 3
REGIONAL BANKING
Coming off a year that included a flurry of acquisitions, midsize southeastern banks turned in solid fourth-quarter earnings. Page 5
INTERNATIONAL
Chase Manhattan, with its arrangement to broker a sizable bond offering for one of Chile's largest power companies, is striving to play in the big leagues of Yankee bond underwriting. Page 6
Huntington Bancshares and BankAmerica struck a deal to provide trade finance services through a Hong Kong-based Huntington subsidiary. Page 6
MORTGAGES
Despite fierce competition, Norwest's mortgage division is raking in profits. Page 10
INVESTMENT PRODUCTS
Mellon announced plans to acquire an investment manager in Florida to expand its private banking business. Page 13
CREDIT/DEBIT/ATMs
Bank of Boston is reevaluating whether it will remain in the U.S. card business that it recently reentered after a five-year hiatus. Page 14
TECHNOLOGY
ON-LINE BANKING: Eight influential technology companies agreed to develop jointly an Internet banking program for community banks. Page 16
Hewlett-Packard agreed to feature automated lending technology from Affinity Technology Group in its interactive kiosks. Page 17
MARKET MONITOR
Small banks are scrambling to issue trust-preferred securities in the next two weeks as the widely expected end of the market draws near. Back page